AUSTIN – Three Texas cities have landed on CBRE's list of the top markets by multifamily investment in the last five years.
Since 2015, Dallas-Fort Worth has pulled $2.8 billion in multifamily investment. It ranks fifth nationally in dollar volume.
Austin and Houston ranked ninth and tenth with $2.1 and $2 billion in investment, respectively.
Global capital to the U.S. multifamily sector in the first half of 2020 decreased by 49.2 percent year over year to $3.1 billion. Second quarter volume, which fell nearly 90 percent, accounted for most of the decline so far this year.
Other cities in the top ten are:
No. 1 New York City, $10.6 billion in investment volume;
No. 2 Los Angeles, $3.9 billion;
No. 3 Atlanta, $3.8 billion;
No. 4 Washington, $3.6 billion;
No. 6 Phoenix, $2.8 billion;
No. 7 Boston, $2.1 billion; and
No. 8 San Francisco, $2.1 billion.
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